Warren Buffet says stop swaddling rich Americans with tax-less blankets. And he’s rich!
“Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.” [NYT]
A 16-year-old boy has been charged with one of the men murdered during the London riots. [BBC]
It model, Andrej Pejic, explains his fabulous androgynous life. [Fashionista]
Manolo Blahnik explains his creativity. [YouTube]
Protests close four train stations in California’s Bay Area. [SJMN]
Cute puppies! [Jezebel]